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October 27, 2016

The Energy Revolution and You

Homeownership
The Energy Revolution and You

The topic of clean energy has been on the table for decades, with many left wondering if it would ever take flight. Well, it has, and five clean energy technologies are making big impacts on how we live today and tomorrow: wind turbines, solar technologies for both utility–scale and distributed photovoltaic, electric vehicles and light–emitting diodes (LEDs).

According to Revolution Now by the Department of Energy, these technologies are being deployed across the country at an accelerating rate as their costs decline.  The LED light bulb, for example, has dropped in cost by 94% since 2008 with more than 200 million installations in 2015, doubling that of 2014. Why does this matter to you? Because it's estimated that from 2015 through 2035, LEDs could save America's families nearly $630 billion in total energy costs.

If you're a homeowner, do your homework when considering financing energy improvements for your home. Shop around for an option that best suits your situation, making sure you understand the terms and risks of each option.

How else are these technologies affecting you and the housing market?

  • 41% of all new electricity generation is from land–based wind—enough to power more than 17 million households.
  • Out of the new generating capacity built in the U.S. last year, 15% was utility–scale solar—enough to power 2 million homes.
  • Solar power saved 17 million metric tons of CO2 in 2014 alone.

Did you know: A 10 percent drop in utility costs to all Freddie Mac rental units would increase the number of rentals very low–income families can afford by about 10 percent.

Follow this series to learn more about energy efficiency in your home and the importance of being green.

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